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Given the following information on Big Brothers, Inc. capital structure, compute the companys weighted average cost of capital (WACC). The companys marginal tax rate is

Given the following information on Big Brothers, Inc. capital structure, compute the companys weighted average cost of capital (WACC). The companys marginal tax rate is 40%.

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Type of Capital

Percent of Capital Structure

Before-Tax Component Cost

Bonds

51%

11.27%

Preferred Stock

20%

14.31%

Common Stock

Please calculate it

15.42%

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